Sheffield, MA – MassDevelopment has issued a $30 million tax-exempt bond on behalf of The Berkshire School, Inc., an independent, coeducational college preparatory boarding and day school in Sheffield for grades nine through 12 and post-graduates.
Established in 1907, Berkshire School is located on a 400-acre campus in south Berkshire County. It serves approximately 400 students from 30 states and 31 countries.
The school will use bond proceeds to build a 17,000sf addition to the existing 31,000sf student center; replace the building’s roof, windows, and mechanical, electrical, and fire protection systems; and fund furniture, fixtures, and equipment for the building. When complete, the student center will house a kitchen, dining commons, music center, gathering space, snack bar, club space, Student Life offices, post office, bookstore, and radio station.
“Once again, MassDevelopment has stepped up to support Berkshire School in a truly impactful way,” said Berkshire School CFO, Robert Boyd. “This financing will help us to build and create an open and multifunctional space where everyone is welcomed and has a place to come together as a community.”
TD Bank purchased the bond, which will also fund construction of new faculty housing. Construction is expected to begin in late spring of 2023 and be completed in fall 2024.